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Machinery Loans
This loan is for the purchase of farm tools and equipment 
Items Financed
- New agricultural machinery and vehicles
- Reconditioned vehicle and machinery from reputable dealers
- Farms implements
Loan Conditions
- Machinery/vehicle brands with high resale value are encouraged
- Adequate servicing facilities and spare parts be available
- Minimum deposit of 30% of the net purchase price for new machinery and
50% for reconditioned machinery
- Production of written quotation from reputable suppliers
- Machinery/vehicle to be registered jointly with AFC
- Applicant to sign a blank transfer form to be deposited with the
Corporation together with the logbook
- Provision of comprehensive insurance cover with the interest of AFC
endorsed during the entire loan period.
- Repayment period between 3 and 5 years for new machinery and 2 years
for reconditioned machinery
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